U.S. Senator Gillibrand: Crypto Bill Stalled Without Ban on Officials' Industry Ties

U.S. Senator Kirsten Gillibrand has stated that a comprehensive cryptocurrency bill will not advance in Congress unless it includes a ban on lawmakers and government officials holding financial ties to the crypto industry. Speaking at a recent hearing, Gillibrand emphasized the need for strict ethics rules to prevent conflicts of interest, arguing that public trust is essential for the legitimacy of digital asset regulation. The proposed measure would require officials to divest from crypto investments or recuse themselves from related policy decisions. This stance could significantly impact the legislative timeline for crypto regulation, potentially delaying market clarity for assets like Bitcoin (BTC) and Ethereum (ETH).